2915 Arleth St Terre Haute, IN 47802

Listing agency Marcus & Millichap - Indianapolis

Listed by Teddy Kenny · License #RB22001936

Source Crexi

Added: Apr 2 Updated: Jul 22 at 8:45AM Checked: Jul 22 at 8:45AM

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Investment Insights

Based on property information with market context.

Park Place Apartments is a 79-unit income-restricted multifamily community constructed in 2010. The property’s unit mix is primarily one-bedroom units, and the community is currently in the extended use phase of the income restrictions.

Income restrictions expire in 2040. After expiration, the property is expected to transition to fully market-rate rents with zero rent restrictions, as described in the offering materials.

This is a newer-vintage multifamily asset presented for sale.

Key Highlights

• 79‑unit income‑restricted multifamily community in Terre Haute, Indiana
• Built in 2010 (newer vintage apartment community)
• Efficient unit mix primarily consisting of 1‑bedroom units

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FAQs

What type of property is this?

Apartment building - 79-unit multifamily property built in 2010, with income restrictions extending through 2040.

Where is this apartment building located?

The property is located at 2915 Arleth St Terre Haute, IN.

What are key features of this property?

This property features: 79‑unit income‑restricted multifamily community in Terre Haute, Indiana; Built in 2010 (newer vintage apartment community); Efficient unit mix primarily consisting of 1‑bedroom units